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<p>[QUOTE=&quot;Detecto92, post: 1751902, member: 75105&quot;]The problem with littleton is that they target uneducated people with high prices. Everyone here and their dog knows that littleton is overpriced.</p><p>&nbsp;</p><p>However it&#039;s the elderly with no internet, the children with parents who think they are getting a bargain, or weak-minded who fall for this stuff.</p><p>&nbsp;</p><p>They hook people with the whole &quot;approval&quot; thing, and then they put up a facade about &quot;honesty and integrity&quot; making you believe their nonsense.</p><p>&nbsp;</p><p>If you visit their website, they have the BBB &quot;torch award&quot; for market ethics, get real! You, the consumer, are the one getting torched here.</p><p>&nbsp;</p><p>If you don&#039;t like what they send, YOU must pay return shipping.</p><p>&nbsp;</p><p>Now with that said, it burns a lot of would-be collectors. They get disgusted, and then they quit.</p><p>&nbsp;</p><p>If a large company existed that drew collectors via magazines, radio, and tv, with decent prices, it would be a whole different ball game.</p><p>&nbsp;</p><p>Littleton is by no means small, they employ 370 people in a 85,000 square foot facility. They cannot play the &quot;woe is me, I&#039;m a small dealer&quot; card.</p><p>&nbsp;</p><p>I don&#039;t know how much they pay on things, but get this...</p><p>&nbsp;</p><p>A 1921 morgan dollar can be purchased for around....I&#039;d say $22 in average condition. They sell them right now for $71.50. (Average circulated)</p><p>&nbsp;</p><p>So they make 3x proffit. They did not lower prices much at all since silver fell.</p><p>&nbsp;</p><p>They charge $53.95 for 2013 silver eagles. Provident sells them for $23.25, so I imagine littleton gets them for around $21 in bulk. That&#039;s over 2x proffit.</p><p>&nbsp;</p><p>So when you look at other products, littleton can proffit as high as 4x on some items. No major coin dealers make this kind of money.</p><p>&nbsp;</p><p>No matter how you slice it, the company is greedy, and it lures unsuspecting people into coin collecting.</p><p>&nbsp;</p><p>Until &quot;fair pricing&quot; regulations exist in the coin collecting industry, this stuff will continue. There is another gouger company that goes by the name of &quot;govmint&quot;.</p><p>&nbsp;</p><p>What&#039;s really sad is...in the age of instant information (the internet) littleton still seems to be &quot;eating well&quot;. That means people are still falling for their ruse.</p><p>&nbsp;</p><p>If you would have access to littleton&#039;s customer base, I&#039;m sure quite a bit of is is elderly people who don&#039;t have family or the internet, continuing to collect using their life savings, thinking every time &quot;they get a good deal&quot;. </p><p>&nbsp;</p><p>This stuff makes me sick, you can imagine just how much money the upper management for littleton makes, especially the president.[/QUOTE]</p><p><br /></p>

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